UK finance minister: inflation is govt's top priority (2024)

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UK finance minister: inflation is govt's top priority

ReutersLast Updated: Nov 03, 2022, 06:03:00 PM IST

Synopsis

"This government's number one priority is to grip inflation, and today the Bank has taken action in line with their objective to return inflation to target," finance minister Jeremy Hunt said in a statement.

UK finance minister: inflation is govt's top priority (1)

Britain's finance minister said getting inflation under control was the government's top priority, after the Bank of England raised interest rates to 3% on Thursday in its largest rate hike since 1989.

"This government's number one priority is to grip inflation, and today the Bank has taken action in line with their objective to return inflation to target," finance minister Jeremy Hunt said in a statement.

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UK finance minister: inflation is govt's top priority (2024)

"This government's number one priority is to grip inflation, and today the Bank has taken action in line with their objective to return inflation to target," finance minister Jeremy Hunt said in a statement.

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